The CNN Washington Bureau’s morning speed read of the top stories making news from around the country and the world. Click on the headlines for more.
CNN: Democrats to offer payroll tax cut compromise
Democrats on Monday will propose a compromise plan to extend the payroll tax cut that includes a "serious" way to pay the more than $200 billion price tag, the chairman of the Senate Budget Committee says.
CNN: Gingrich up in Iowa, Romney’s lead in NH narrows
As support for Newt Gingrich surges in Iowa, Mitt Romney’s lead has dwindled in New Hampshire, according to new polls measuring support for candidates in the early caucus and primary states.
CNN: Young Republicans on Cain: 'It can be rough ... being a black conservative'
As the now-former presidential hopeful Herman Cain moves to Plan B, black conservatives say it's time to stick with their Plan A, and use the leverage that the GOP candidate gave them.
New York Times: Despite Surge, Gingrich Faces Major Hurdles
Surging in polls is one thing. But as Newt Gingrich seeks to turn his impressive performance in surveys into votes, he is scrambling madly to build the kind of organization that Mitt Romney has methodically put in place for a year, one that will let him compete through all 50 contests, often in multiple states at once.
CNN: Standoff ends between police, Occupy DC protesters
An hours-long standoff between police and Occupy DC protesters ended Sunday night after officers forcibly removed several people clinging to a wood structure erected earlier in the district's McPherson Square.
CNN: Arts, politics mingle at annual Kennedy Center Honors
The worlds of politics and arts mingled Sunday at the annual Kennedy Center Honors, with President Barack Obama among those toasting five stars of stage, screen and music.
CNN: Aging Pearl Harbor attack survivors passing on the baton
A fire alert was in effect in Southern California until Sunday morning following warnings that the powerful winds pounding the region could ignite fast-moving blazes.
CNN: Authorities warn of fire threats as howling winds hit Southern California
Italy's new prime minister will present to parliament Monday a proposal for €30 billion ($41 billion) in new taxes and spending cuts over two years, including reductions to future pensions, in an effort to end a budget crisis that has clouded the future of Europe's common currency.
CNN: Unclear whether Iran shot down drone, a U.S. official says
Iran's military on Sunday claimed it shot down a U.S. drone into eastern Iran. State media cited a military official who identified the aircraft as an RQ-170 Sentinel.
CNN: Syria faces new sanctions as Arab League deadline passes
Syria faced additional sanctions from its Arab League neighbors Monday unless it agreed to allow international observers into the country to monitor an agreement to end a months-old crackdown on anti-government protesters.
CNN: Biden arrives in Greece at pivotal time
U.S. Vice President Joe Biden arrived Sunday in Greece, as a new interim government there seeks to halt the country's economic upheaval that has had ripple effects across the globe.
CNN: Assange seeks extradition hearing in UK Supreme Court
WikiLeaks editor Julian Assange returns to court Monday in an effort to take his appeal against extradition to Sweden over sex assault allegations to the United Kingdom's Supreme Court.
CNN Money: Europe goes back to the drawing board
European leaders will meet this week for yet another summit to discuss ways to solve the deepening crisis, and this time they are talking about rewriting European Union treaties.
CNN Money: Stocks: Desperately seeking EU superheroes
Once again, investors all over the world will be looking to Europe to determine how to bet on the markets. The big difference next week: Investors have a newfound faith that central bankers and politicians will work together to keep the markets from falling into disarray.
CNN Money: 8.6% unemployment rate won't help Obama (much)
The November jobs report contains some undeniably good news for President Obama, but the White House should keep the champagne on ice for now.
In Case You Missed It…
The panel from Reliable Sources examines the media's treatment of Herman Cain as he suspends his campaign.